Fast Moving Consumer Goods cuts shares outstanding by 43.55%
- Fast Moving Consumer Goods (GGII) retired 29.01B shares of common stock, reducing its total shares outstanding to 37.61B as part of a capital restructuring.
- The retired shares, previously held by four individuals, represented 43.55% of the company’s issued and outstanding common stock.
- In exchange, the holders received an aggregate 1M shares of Series D Preferred Stock. The preferred shares carry voting rights equal to 43.55% of all votes cast on shareholder matters.
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